Force Motors Trax Cruiser Car Loan EMI Calculator

₹ 24,982.
Here is how - Force Motors Trax Cruiser price starts from ₹ 15,07,938 in Mumbai. If you pay a down payment of ₹ 2,75,881 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 24,982.

The cheapest Trax Cruiser model is 9 STR which is priced at ₹ 15,07,938 in Mumbai. You will need to pay at least a ₹ 2,75,881 down payment to buy this model.

Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.

Here is a model wise list of max loan amount for Trax Cruiser.

Version	On-road price in Mumbai	Max Loan
9 STR	₹ 15,07,938	₹ 12,32,057
9 STR AC	₹ 16,48,701	₹ 13,50,210
12 STR	₹ 15,23,708	₹ 12,45,295
12 STR AC	₹ 16,47,224	₹ 13,48,970

As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.

Good Practice will be to chose the shortest possible tenure for which you can afford an EMI amount.

• 1. If you select a higher tenure loan, let's say 7 years, your EMI for Trax Cruiser 9 STR will be ₹ 23,503 but you will have to pay interest of ₹ 7,42,195 over the period of 7 years.
• 2. If you select a lower tenure loan, let's say 3 years, your EMI amount will be higher at ₹ 47,253, but your interest payment will be only ₹ 4,69,051 over the 3 years period.

₹ 24,982
Force Motors Trax Cruiser price starts from ₹ 15,07,938 in Mumbai.

We have considered
Down-payement : ₹ 2,75,881
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Trax Cruiser with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 5,03,000

As a general rule, banks or other lenders offer you a car loan 3 to 4 times your annual income. Considering the on-road price of Trax Cruiser starts from ₹ 15.08 Lakh, you can get a loan with an annual income as low as ₹ 5.03 lakh.

Here are the most important things you should consider while getting a car loan for a new Trax Cruiser

• 1. Interest rate - Go for the loan with the lowest interest rate.
• 2. Additional Charges - processing fee, prepayment charges, late payment penalty are some of the important points you need to check before taking a loan.
• 3. Tenue and Max Loan Amount - Select a lender who gives you a loan that you can afford.
  -If Max loan amount is lower, you will have to shell out more money upfront to buy the car.
  -If Tenue is lower, your per month instalment amount will increase.
• 4. Eligibility - Banks may have stricter eligibility requirements compared to NBFCs or other financial institutions.